Shell Conducts Review Of Its New Zealand Business -- December 10, 2015

This may seem to be an odd article to place on a Bakken blog, but, trust me, it may be important some day in the future. Or not. Whatever. Here it is, from Rigzone:

Royal Dutch Shell, seeking to be a simpler, more profitable and resilent company, announced Thursday that it is conducting a strategic review of its business interests in New Zealand.

"Shell announced that its interests in New Zealand are under review," Shell New Zealand said in a press release, adding that the review arose as "choices have to be made to streamline the global portfolio given the current environment ... (and) Shell is focusing on large growth opportunities, with deepwater and integrated gas as growth priorities."

The supermajor is a notable player in New Zealand's upstream sector and the company-owned ventures account for around 50 percent of domestic natural gas production and a significant proportion of the country's condensate production. Shell has three major upstream assets in New Zealand, comprising stakes in the Maui gas and condensate field, the Kapuni gas and condensate field and the Pohokura field.

It is also the operator of New Zealand exploration license PEP 50119 in the Great South Basin -- its first New Zealand exploration outside the Taranaki region.

Much more at the link.